Daily News Egypt

Egyptian-Chinese industrial zone projected to attract $5bn investment - Daily News Egypt

Advertising Area



Advertising Area




Egyptian-Chinese industrial zone projected to attract $5bn investment

Managing director of Tianjin Teda Company stated that the investment will come from 80 to 100 companies


There are projections that 80 to 100 international companies will invest approximately $5bn in the Egyptian-Chinese industrial zone in Ain Sokhna.

While participating in the Builders of Egypt forum last Wednesday, Hui Jiwen, the managing director of Tianjin Teda Company Limited, said that these investments will provide 20,000 to 30,000 jobs opportunities.

Sixty-eight companies, from Egypt, Japan, Korea, France, China, have already invested approximately $1bn in the region. Thirty-three of these companies are operating in the industrial field, Jiwen added.

Jiwen said the company is primarily concerned with industrialisation and modernisation of the industrial environment in Egypt.

He explained that the Egyptian-Chinese industrial zone in Ain Sokhna is host to five key industries, namely silos, equipment, petroleum products, non-woven textiles and complementary industries.

Teda has established a resort for entertainment and recreation in Ain Sokhna that served 20,000 Egyptian companies during the past period. The company plans to open Swiss Inn hotel in Ain Sokhna in 2016.

Advertising Area

Advertising Area



https://www.dailynewsegypt.com/2016/03/07/egyptian-chinese-industrial-zone-projected-attract-5bn-investment/
Breaking News

No current breaking news

Daily News Egypt Android App Available for free download on Google play
View
Daily News Egypt Ios App Available for free download on APP Store
View
Social Media Auto Publish Powered By : XYZScripts.com